TAPESTRY INC
For the period ended Mar 29, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2025 · Filed May 8, 2025
TPR$135.62-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| March 29,2025 | March 30,2024 | March 29,2025 | March 30,2024 | |
| (millions, except per share data) · (millions, except per share data) | ||||
| (unaudited) · (unaudited) | ||||
| Net sales | $1,584.6 | $1,482.4 | $5,287.5 | $5,080.1 |
| Cost of sales | 378.8 | 375.0 | 1,313.7 | 1,381.8 |
| Gross profit | 1,205.8 | 1,107.4 | 3,973.8 | 3,698.3 |
| Selling, general and administrative expenses | 952.1 | 903.1 | 2,975.3 | 2,793.2 |
| Operating income (loss) | 253.7 | 204.3 | 998.5 | 905.1 |
| Loss on extinguishment of debt | — | — | 120.1 | — |
| Interest expense, net | 15.4 | 32.0 | 70.6 | 94.5 |
| Other expense (income) | (0.8) | 2.8 | (2.3) | (0.5) |
| Income (loss) before provision for income taxes | 239.1 | 169.5 | 810.1 | 811.1 |
| Provision (benefit) for income taxes | 35.8 | 30.1 | 109.8 | 154.4 |
| Net income (loss) | $203.3 | $139.4 | $700.3 | $656.7 |
| Net income (loss) per share: | ||||
| Basic | $0.98 | $0.61 | $3.19 | $2.87 |
| Diluted | $0.95 | $0.60 | $3.12 | $2.82 |
| Shares used in computing net income (loss) per share: | ||||
| Basic | 207.3 | 229.5 | 219.5 | 229.0 |
| Diluted | 213.9 | 234.2 | 224.8 | 232.8 |
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